Newspaper article The Morning Bulletin (Rockhampton, Australia)

Australia's Investment Hot Spots Revealed to Buyers; Be One of Those 'Lucky' Enough to Buy a Home at Just the Right Time

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Australia's Investment Hot Spots Revealed to Buyers; Be One of Those 'Lucky' Enough to Buy a Home at Just the Right Time

Article excerpt

Byline: Kirsten Craze

THE next property hot spot. It may sound like the real estate holy grail, but working out where and when an area is going to "heat up" is not as mysterious as some may think.

We've all heard stories about those "lucky" enough to buy a home at just the right time in just the right location and sell for a pretty sweet profit.

We kick ourselves for not benefiting from the same good fortune, but any property expert will tell you that making money out of bricks and mortar is rarely about luck.

Buyer's agent and author Josh Masters, from BuySide buyer's agency, analyses real estate markets for a living and he has a tried and tested method to determine the next so-called hot spots.

After crunching the numbers for several localised housing markets across the eastern seaboard, he has come up with six property hot spots he believes are prime for solid price growth from 2019.

In each state Masters chose a metropolitan suburb and a regional area that ticks all the boxes for good future growth for houses (rather than units) including low vacancy rates, future housing supply, owner occupancy data and low days on market.

For NSW he pinpointed Cranebrook in Western Sydney and Newcastle's Kotara as ones to watch.

In Victoria, Masters highlighted Melbourne's St Albans to the northwest of the city and Newcomb in the Geelong region.

And for Queensland he named Everton Park in north Brisbane and Buddina on the Sunshine Coast as good investment spots.

"If you are in a market like Sydney and maybe you have $500,000 to spend, which is a handsome sum these days, you simply can't buy something that's reasonable for that money so maybe it's time to look outside of the city," he said.

"It's worth adding here that many of the major metro areas have issues with oversupply, particularly in the unit market, so that's why we're concentrating on houses. …

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